New apartment buildings often look to activists like precisely the problem. Let developers build more housing, particularly in poorer neighborhoods, and tenant groups and neighbors fear the market will heat up and their rents will rise.
Economists, on the other hand, tend to see new buildings as the solution. The only way to ease a housing shortage that’s pushing up rents, they say, is to build more housing. Construct enough of it — even if it’s high-end housing — and rents in general will fall.
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